New lower BTL Rental Rates across our product range
We have today reduced the Rental Rates across our entire Buy-to-Let product range.
Our products are available to UK residents, UK Expats and International residents looking to purchase or refinance their property in England or Wales.
Key product highlights include:
- Rental Rate reductions across the entire BTL product range
- UK Expat and International resident 5 year fixed terms reduced to 3.99%
- UK BTL 5 year fixed rental rates from 3.65% and 2 year fixed rental rates from 3.19%
- Products available for individuals, corporates, UK Expats and International residents
- Portfolio Landlords – no limit on the number of properties
- No early payment charges on any product
Selected HPP products withdrawn
We have today also withdrawn our 50% FTV HPP products for UK residents, UK Expats and International residents following a review of our HPP product range.
Finance Criteria Amendments
We have also updated our finance criteria to provide more clarity for our Home Purchase Plan (HPP), Buy-to-Let (BTL) and Commercial Property Finance products as follows:
- Re-finance is not available to customers on properties acquired within the previous six months (unless financed via bridging finance).
- The financing basis offered will be based on the purchase price or valuation, whichever is the lower.